The global micro-perforated films market is estimated at USD 1.23
Billion in 2017 and is projected to reach USD 1.50 Billion by 2022, at a
CAGR of 4% between 2017 and 2022. The market is witnessing growth due to
the increasing use of micro-perforated films for food packaging
applications, such as fresh fruits & vegetables, bakery & confectionary,
ready-to-eat food, and others which include meat, seafood, and poultry.

Based on material, the micro-perforated films market is segmented into
PE, PP, PET, and others. PE is estimated to lead the segment in 2017
owing to the wide usage in food packaging applications. However, the PP
segment is projected to register the highest CAGR during the forecast
period owing to its low price, recyclability, excellent transparency, as
well as increasing demand for Biaxially-oriented Polypropylene (BOPP).

Based on application, the micro-perforated films market is segmented
into fresh fruits & vegetables, bakery & confectionary, ready-to-eat
food products, and others. The fresh fruits & vegetables segment is
estimated to be the largest segment of the global micro-perforated films
market in 2017, and is further projected to be the fastest-growing
during the forecast period.